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Friday, February 10, 2012

DAI: Wall St ends down; snaps 5-week winning streak

Reuters
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02/10/2012
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LATEST NEWS
Wall St ends down; snaps 5-week winning streak
NEW YORK (Reuters) - The S&P posted its biggest percentage decline so far in 2012 on Friday after an about-face on Greece's long-awaited debt deal ended a five-week streak of gains for equities. | Full Article
Greece must back bailout or face catastrophe: Papademos
February 10, 2012 03:34 PM ET
ATHENS (Reuters) - Greek Prime Minister Lucas Papademos told his turbulent coalition government on Friday to accept a harsh international bailout deal or condemn the nation to catastrophe. | Full Article
Anxiety over incomes hits consumer morale
February 10, 2012 02:10 PM ET
WASHINGTON (Reuters) - Americans felt worse about their personal finances in early February, but rising confidence in the labor market's prospects should help to support spending and the broader economy. | Full Article
Hedge fund manager charged with insider trading
February 10, 2012 03:39 PM ET
NEW YORK (Reuters) - A California hedge fund manager was charged on Friday with making $900,000 illegally on inside information about three technology companies, the latest strand of the high-profile Galleon Group prosecutions against money managers and traders. | Full Article
Massachusetts subpoenas Bank of America documents
February 10, 2012 02:50 PM ET
(Reuters) - Massachusetts securities regulators said on Friday that they were subpoenaing Bank of America Corp for documents to determine whether the lender had knowingly overvalued assets in some investment products. | Full Article
US TOP NEWS
Obama shift seeks to defuse birth-control fight
February 10, 2012 03:32 PM ET
(Reuters) - President Barack Obama, in an abrupt policy shift aimed at quelling an election-year firestorm, announced on Friday that religious employers would not be required to offer free birth control to workers and the onus would instead be put on insurers. | Full Article
Obama budget to forecast $901 billion deficit in 2013
February 10, 2012 02:54 PM ET
WASHINGTON (Reuters) - President Barack Obama will project a $901 billion deficit for fiscal 2013 in his upcoming budget proposal, a sharp drop from the funding gap this year, a White House official said on Friday. | Full Article
Bombings, bombardments kill across Syria
February 10, 2012 04:23 PM ET
AMMAN/BEIRUT (Reuters) - At least 28 people were killed in two bomb attacks in Syria's second city Aleppo on Friday while in besieged Homs, opposition neighborhoods endured another day of bombardment by President Bashar al-Assad's troops. | Full Article
Bernanke urges action to heal housing markets
February 10, 2012 03:45 PM ET
ORLANDO, Florida (Reuters) - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery. | Full Article
U.S. banks agree to $25 billion in homeowner help
February 10, 2012 09:30 AM ET
WASHINGTON (Reuters) - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. | Full Article
HEALTH NEWS
Gauging hype during Heart Month: 5 tests you might not need
China probes "bouncing" boiled eggs
Woman: court ruling on pumping breast milk unfair
'Hunger hormone' could help chemo patients: study
Return to running possible after hip resurfacing
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